need 100% financing….
100% financing – lowest rate possible!!
Posts Tagged ‘finance’
Who will finance an investment property with stated income and 708 fico score???
How can I get a businessman acquaintance to help finance an investment property?
So I am an aspiring entrepreneur, I have been trying to educate myself with regards to property acquisition to get off the ground. I am 18 years old an a university student with only about 10k/yr casual work income and about 10k in liquid assets. So no bank will take me seriously. I have found a property that I believe to be undervalued and full of potential in Adelaide Australia (and I’m relatively confident we won’t see a housing bubble burst like the US as our buying pressure is incredible). How can I make a proposition to a very wealthy businessman I met at a convention (we formed a tentative acquaintance) for him to finance the property while keeping it in my name, with rental returns helping to cover repayments (I would be able to pay up to $150/wk which when combined with consistent tenancy should more than cover loan repayents). I know that I wouldn’t be in a position to shoulder the risk myself but how can I pitch the offer to the gentleman that I have met (who by my impressions seemed far from conservative, and encouraged my interest in property investment) to take it for me. Are there any ways of making it worth his while and risk (obviously sharing returns, gains) while keeping the title in my name and not getting tied up in potentially dangerous legal obligations? Any advice from someone who started out with backing from an entrepreneur would be most useful. Oh – and don’t say ‘talk to him’ – I want to have some sort of offer in place before contacting him. Thanks!
I found a sweet investment property out of the country for 200K Where can I get a loan to help finance this?
There really is no financing available in the country. The builder is offering financing but would require putting at least $60K on a step up plan down over the next 6 months then 9% interest payments on 50% of the purchasing price. I don’t have that kind of cash on hand.
The entire property amount is only 200K and I can put down 20%. Any thoughts would be great.
Thanks
winmar
Wondering what is the best way to finance an investment property?
For an investment property (not to live in) should I use a home equity line, traditional fixed rate 30 year mortgage or something else. Let’s say I want to hang onto it for maybe 10 years….
What is the cheapest way to finance investment property?
Is it better to take a HELOC? Loan from an investor? If so, how do I find one? What ultimately will keep me away from the 10 percent interest the mortgage broker is trying to set me up with?
All good answers. Given what you have all collectively told me, I’m getting ripped off….because I have good credit and good income. I already own one home (with good equity) and I have plenty of liquid assets.
How to finance investment property with almost zero down?
I own two condos one, I live the other I am renting out. Both dont have any equity yet. I already have 51% debt to income. I can still afford MXM 5K down including closing costs and tax prepayments. My interest is to buy foreclosures and sell after ~2 yrs. I am aiming at high end units that can currently be bought at ~200K but will apraise to ~350 in about 6mos. Is there a way to find finance in this situation.
If I just refinanced my home mortgage, can I finance a new investment property soon after?
I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property?
How can I finance investment property?
My wife and I are pretty handy around the house … so purchasing a fixer upper is natrually the kind of investment property that we would look for. We have found several potentially great properties in our area howerver, we haven’t made any offers because the traditional mortgage lender is the only kind of financing that we know of, and they usually want any where from 15% – 25% down. Does anyone know of creative financing techniqes that we could use?

